Overview
What is Univest Foundation?
Univest Foundation is a nonprofit organization situated in Souderton, Pennsylvania. Its primary mission revolves around fostering charitable giving by assisting donors in establishing and managing donor-directed endowments. These endowments support charitable causes recommended by the donors, which qualify as being tax-exempt under section 501(C)(3) or other eligible organizations. The foundation's activities include the administration of donor-advised funds and charitable gift annuities, making annuitant payments, processing payments on matured contracts, and calculating changes in the actuarial charitable gift annuity obligations.
Official website here: www.univestfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
The Univest Foundation has achieved a remarkable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The foundation scored 96% in the Accountability & Finance category, reflecting robust management practices and transparency in its operations. This high rating is a testament to the foundation's effective governance structure, with 100% independent board members and comprehensive audits.
Strengths identified in the evaluation include a very low material diversion of assets and excellent financial oversight mechanisms. The foundation has clear conflict of interest and whistleblower policies in place, underscoring its dedication to ethical practices. Additionally, with a program expense ratio of 95.03%, it demonstrates a strong focus on directing funds towards its charitable missions.
While the data highlights numerous strengths, the rating primarily focuses on financial aspects, and potential donors may wish to seek additional information regarding the foundation's specific programs and impact to gain a fuller picture of its effectiveness. Overall, the Univest Foundation appears to be a well-managed nonprofit organization committed to high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Univest Foundation legitimate?
Univest Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Univest Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.univestfoundation.org
What is the mission statement of Univest Foundation?
The Univest Foundation's mission is centered around promoting charitable giving. It achieves this by assisting donors in establishing endowments for long-term support of causes that are deemed charitable, as per Section 501(C)(3), or other qualified organizations. The foundation's primary role is to administer donor-advised funds and charitable gift annuities, which includes making annuitant payments, settling matured contracts, and calculating changes in actuarial charitable gift annuity obligations. In essence, the Univest Foundation assists donors in directing their charitable contributions towards causes they care about, ensuring a lasting impact.
Official website here: www.univestfoundation.org
Who is the CEO of Univest Foundation?
Brittany L Tressler is the Director of Univest Foundation.
Official website here: www.univestfoundation.org
What is the revenue of Univest Foundation?
Univest Foundation's revenue in 2023 was $1,380,386.
Official website here: www.univestfoundation.org
Who are the executives of Univest Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.univestfoundation.org
Where can I find the form 990 for Univest Foundation?
Univest Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.univestfoundation.org
Learn more at the official website: www.univestfoundation.org
Mission Statement of Univest Foundation
Univest Foundation, as per its mission, aims to foster charitable giving by assisting donors in building donor-directed endowments. These endowments are designed to provide long-term support for causes recommended by donors, provided they fall under the category of charitable organizations as defined by Section 501(C)(3) or other qualified organizations. By facilitating this process, Univest Foundation enables donors to make a sustained impact on the causes they care about most.
In addition to managing donor-advised funds, Univest Foundation also administers charitable gift annuities. This includes making annuitant payments, handling payments on matured contracts, and calculating changes in the actuarial charitable gift annuity obligations. This service allows donors to receive a steady income stream while also making a charitable contribution, thereby providing a win-win situation for both the donor and the chosen charity.
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Impact
July, 2024
Univest Foundation's impact lies in fostering charitable giving to Section 501(c)(3) organizations and other qualified entities. By administering donor-advised funds and charitable gift annuities, including managing annuitant payments, matured contracts, and calculating changes in actuarial charitable gift annuity obligations, Univest Foundation plays a crucial role. Their mission is to assist donors in building donor-directed endowments for the long-term support of causes recommended by donors that qualify as charitable under Section 501(c)(3) or other qualified organizations. Through these efforts, Univest Foundation actively promotes philanthropy and facilitates sustained giving to support various charitable endeavors.
This information is meant to be a general summary of Univest Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $423,761
- Program Service Revenue: $104,091
- Gross Receipts: $3,803,127
Assets and Liabilities:
- Total Assets: $12,683,154
- Total Liabilities: $5,278,853
- Net Assets: $7,404,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$102,485
CONSULTING FEE INCOME
Revenue
$1,606
Organization Details
Founding Year
2002
Phone
(215) 721-2112Principal Officer
Brittany L Tressler
Main Address
PO BOX 197, SOUDERTON, PA, 18964
Website
www.univestfoundation.orgNTEE Category
Code: T99 - Philanthropy
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